The answer is yes btw.
Current gross income: 68k Projected gross income (Starting Jan '24): 118k This huge jump would be provided by a 16% pay raise and about 25 extra hours per week.
OP said they were making $100k until March. Bought a new construction for $586k (88k down) 11 months ago in LV. Paid for a bunch of upgrades. Zestimate says it's worth $522k and mortgage is currently $503k. Also of note is that he referred to the $88k as their savings, but in another post says it's proceeds from a previous home sale. Peak poor mentality.
Not counting our consumer debt, our monthly budget is as follows:
Mortgage-$3,403
HOA-$138
Utilities-$188
Groceries-$1,000
Life Insurance-$95
Auto Insurance-$380
Internet-$93
Cable-$100
Solar-$201
Our consumer debt, with minimum payments are:
Chase (20.24%)-$1,288.86 ($129/month)
Best Buy (0% until July 2024)-$2,150.58 ($35/month)
Credit Union (18%)-$2,701.92 ($68/month)
Wells Fargo (0% until April 2024)-$2,885.86 ($147/month)
Fortiva (0% until March 2028)-3,733.32 ($67/month)
BofA (0% until Feb 2025)-$5,128 ($51/month) A
Amex (7.99% until April 2026)-$7,761.67 ($263/month)
Chase (20.24%)-$10,136.02 ($385/month)
Amex (7.99% until April 2026)-$12,672.53 ($430/month)
Citi (0% until March 2025)-$15,988.07 ($160/month)
Personal Loan (17.24%)-$19,653.63 ($503/month)
Auto Loan (3.79%)-$36,160.77 (549/month)
Wife doesn't appear to work, and MIL is a leech. OP is still posting but it seems like they bought it planning on the MIL paying rent and she basically said frick that.
My mother-in-law (67) has stayed with us since the end of 2020 and we agreed her monthly rent would be $1,100 for 24 months. She still owes us a total of $11,500 (11 months x $1,100), but her workers comp ended, so her monthly income went from $4,800 to $1,800. She hasn't paid anything since January 2022. We recently told her that we needed financial help and she reluctantly stated that she'll have to look for a job. I blocked her IG page, because after constantly seeing her going out (concerts, eating...) and new hair-do's every month, I'm starting to resent her. Not surprisingly, my wife doesn't feel the same. And because of that, the saying "I can do bad by myself" has crossed my mind more than I would like.
Don't worry though, he has another transfer card.
We were also just approved for another 0% transfer card with a 15k limit.
I think a lot of posters are thrown off by his terrible formatting because the responses aren't overwhelming "yes file for bankruptcy".
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$3800 mortgage wtf that's like a million dollar home on $65k income?
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I would bet like $2000 of it is interest. I'm not looking at the post right now but I believe he said he bought last year and interest rates went to shit around May last year.
Krayon sexually assaulted his sister.
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Do you have fixed rate mortgages in the US? On TERF Island then it's normal to do 2 or 5 year fixed (with a 25 year total term).
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Yeah we have fixed but right now our interest rates are at 6.25% last time I checked, which is insane. Mine ain't great either (bought last year) so I'm pressing F5 every day waiting for them to go down so I can refinance.
Krayon sexually assaulted his sister.
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Overwhelmingly majority of mortgages are 30-year fixed here.
15-year fixed and 5/1 ARM are also semi-popular (5/1 ARM are 30-year floating-rate mortgages but the rate is fixed for the first 5 years and readjusts every 1 year after).
I thought TERF island did 40-year fixed?
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Generally you can get it until retirement age, so if you buy at 25 then you could get a 40 year mortgage term.
But with a normal 2 year fixed mortgage then you're free to remortgage with any other lender after the 2 years. So you start with a 25 year mortgage, then in 2 years you can get a new mortgage and even move back up to 25 years if you want.
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Oh I think you can remortgage whenever here. You'll pay some upfront fee when you do, though, so you typically only remortgage when rates go down. I suppose some people might use it to push back the payback of the loan but I don't think that's terribly common, although I also mostly talk to people who aren't financially r-slurred so maybe they do that.
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We do, but everyone
knows the play is to sign for an adjustable at slightly below market 
rate, when the market 
rate is the lowest it's ever been in your entire life
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